ImportantCool’s money man Joe McIvor on the ins and outs of creating money from nothing

The United States Federal Reserve has signaled that it is ending its program of “Quantitative Easing”, the controversial program of negative real interest rates and massive asset purchases funded by effectively “printing” money. So was printing a bunch of money to support the financial system a good thing? Well…and this may seem weird coming from someone on the political left…but sort of. Continue reading →